Dollar's Rally Picks Up Steam

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By James Ramage and Chiara Albanese A rally in the dollar is picking up steam, as signs of accelerating U.S. growth bolster investor expectations that the Federal Reserve in the coming year will raise interest rates for the first time ...

Dollar Up Against Rivals Ahead Of US Jobs Data

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Hiroyuki Kachi The dollar was higher against its rivals in Asian trade Friday, with investors taking a wait-and-see stance ahead of closely watched U.S. jobs data later in the day. As of 0450 GMT, the dollar had risen to ...

China July Official Manufacturing PMI 51.7 Versus 51.4 Forecast

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--A closely watched gauge of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

South Korea Inflation at 1.6% in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

SEOUL--South Korea's consumer price index rose 1.6% on the year in July, slower than a 1.7% gain the previous month, government data showed Friday. The July reading, meeting the median 1.6% increase forecast by economists surveyed by The Wall Street ...

Japan's Domestic Auto Sales Rise in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

TOKYO--Japan's domestic sales of new cars, trucks and buses increased 0.6% from a year earlier in July, the first rise in four months, the Japan Automobile Dealers Association said Friday. Sales totaled 285,886 vehicles in July, the association said. Auto ...

China Manufacturing Gauges Improve in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--Two closely watched gauges of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

MOL 2Q Clean Ebitda Lower Than Seen, Drops 17% On Year

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Veronika Gulyas BUDAPEST--One of central Europe's largest refineries and Hungary's biggest company by revenue MOL Nyrt. (MOL.BU) saw its clean earnings before interest, taxes, depreciation and amortization, one of the key indicators for the sector, drop by 17% on ...

AXA 1st Half Net Profit Up

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

PARIS--AXA SA (CS.FR), Europe's second-largest insurer behind Germany's Allianz SE, said Friday first-half net profit jumped 22%, helped by lower restructuring costs, and a strong life and savings business. The French insurer said net profit for the first six months ...

China HSBC Final Manufacturing PMI Rises

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to an 18-month high of 51.7 in July compared with 50.7 in June, HSBC Holdings PLC said Friday. The reading follows a rise in the government's ...

Oil Futures Fall but Positive China Data Caps Losses

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Eric Yep Crude-oil futures were largely in negative territory in Asian trade Friday, but recouped some losses after Chinese manufacturing picked up in July. On the New York Mercantile Exchange, light, sweet crude futures for delivery in September traded ...

AXA 1st Half Net Profit Up on Lower Costs, Strong Life & Savings

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Noemie Bisserbe PARIS--AXA SA (CS.FR), Europe's second-largest insurer behind Germany's Allianz SE, said Friday first-half net profit jumped 22%, helped by lower restructuring costs, and a strong life and savings business. The French insurer said net profit for the ...

China July Manufacturing Rises

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

BEIJING--A closely watched gauge of manufacturing activity in China improved in July, the latest sign of recovery in the sector. The official manufacturing Purchasing Managers Index rose to 51.7 in July compared with 51.0 in June, marking a 27-month high, ...

China July HSBC Final Manufacturing PMI 51.7 Vs 50.7 in June

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Richard Silk BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, rose to an 18-month high of 51.7 in July compared with 50.7 in June, HSBC Holdings PLC said Friday. The reading follows a rise ...

BOJ Kuroda Says Economy's Virtuous Cycle Still in Place

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

TOKYO--Bank of Japan Gov. Haruhiko Kuroda stuck to his bullish view on the economy and inflation Friday, highlighting his divergence with colleagues who expressed concerns about consumption and exports earlier this week. While Mr. Kuroda conceded that a falloff in ...

S. Korea Exports Grow 5.7% in July

TODAY: Aug. 1, 2014 PUB DATE: Aug. 1, 2014

By Kwanwoo Jun SEOUL--South Korea's exports grew at a faster pace than expected in July, following a weak rebound in June from a fall a month earlier, government data showed on Friday. Exports in July rose 5.7% from a year ...

Argentina, Creditors Fail to Reach Deal -- Update

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By Nicole Hong, Taos Turner and Matt Day Talks aimed at a last-minute settlement between Argentina and holdout creditors collapsed late Wednesday, and a court-appointed mediator said the country would "imminently" be in default. The likely default would be Argentina's ...

Taiwan's Economy Grows 3.9% in 2Q, Well Above Forecasts

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By Fanny Liu and Eva Dou TAIPEI--Taiwan's economy gathered pace in the second quarter, as electronics exports rose, companies stepped up investments and consumers continued to spend. In the three months ended June 30, Taiwan's gross domestic product rose 3.9% ...

Australian Export, Import Price Indexes Fall in 2Q

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By James Glynn SYDNEY--Australia's export price index fell sharply in the second quarter, its biggest quarterly fall since late 2010, due to weaker prices for iron and coal, the country's two biggest exports. The Australian Bureau of Statistics said Thursday ...

China PBOC to Drain $1.8 Billion This Week

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

SHANGHAI--China's central bank is set to drain a net 11 billion yuan ($1.8 billion) from the money market this week through its open-market operations, the first time it is withdrawing liquidity after net injections for 11 weeks in a row, ...

Oil Futures Slide; Nymex Drops Below $100/Bbl

TODAY: Aug. 1, 2014 PUB DATE: July 31, 2014

By Eric Yep Crude-oil futures extended overnight losses in Asian trade Thursday on bearish U.S. inventory data that sent the U.S. oil benchmark below the $100 a barrel mark. On the New York Mercantile Exchange, light, sweet crude futures for ...